Falling U.S. mortgage rates expected to help home sales

U.S. mortgage rates fell again this week, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.28 percent for the week ending March 21, down from 4.31 percent the previous week. A year ago, mortgage rates stood at 4.45 percent.

Low mortgage rates help propel U.S. home sales and the refinance market.

“Mortgage rates have dipped quite dramatically since the start of the year and house prices continue to moderate, which should help on the homebuyer affordability front,” said Sam Khater,…

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